Optical bonding enhances the performance of display devices such as TV, phone, LED and others. In fresnel, the white color's reflection appears brighter, diluting other colors of the screen such as black, which degrade the viewability and reduces the contrast of the screen of the device. In electronic devices, optically clear adhesive reduces the fresnel reflections as it matches the displays' refractive index and minimizes the loss of contrast, improving the viewing experience.
Access Full Report at @ https://www.databridgemarketresearch.com/reports/global-optically-clear-adhesive-market
Data Bridge Market Research analyses that the Optically Clear Adhesive Market was growing at a value of 2.07 billion in 2021 and is expected to reach the value of USD 4.74 billion by 2029, at a CAGR of 10.9% during the forecast period of 2022-2029. Adhesives can play a critical role in the advancements of wearable devices display. In wearable devices, the utilization of epoxy, silicone, polyurethane type of adhesives provides high volume device assembly operations, which helps to increase product capability, and assembly effectiveness. Also, optically clear adhesive helps to incorporate next-generation displays in wearable devices, which enhances the capability of display systems, for this reason, increasing growth prospects of next-generation displays in wearable devices is acting as driver for growing the demand of optically clear adhesive market.
Novel advancements in optical adhesives across the world will drive the market's growth rate
Novel advancements in optical adhesives help to improve the performance of device displays. The manufacturers are engaged in several research and development activities for launching new product in the market with the latest technology, which helps in boosting the demand of the market; for this reason, novel advancements in optical adhesives is acting as an opportunity for boosting the demand of the global optically clear adhesive market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Acrylics, Polyvinyl Acetate, Silicone, Polyurethane, Epoxy, Others), Adhesive Thickness (Less Than 1MM, 1-2 MM, 2-3 MM, 3-4 MM, 4-5 MM, Others), Substrate (Metal, Glass, ITO Glass, Polyethylene Terephthalate (PET), Polymethyl Methacrylate (PMMA), Poly Carbonate (PC), Others), Application (Mobile Phones, Tablets, Monitors, Television, Outdoor Signage, Automotive, Wearable Devices, Electronic Blackboards, OLED, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Henkel Adhesives Technologies India Private Limited (Germany), 3M (U.S.), tesa Tapes (India) Private Limited (India), Dow (U.S.), NITTO DENKO CORPORATION. (Japan), LINTEC Corporation (Japan), SAINT-GOBAIN (France), Dymax (U.S.), Hitachi, Ltd. (Japan), DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany), DuPont (U.S.), Cyberbond. (U.S.), TORAY INDUSTRIES, INC. (Japan), Scapa Group Ltd (U.S.), Master Bond Inc. (U.S.), Adhesives Research Inc. (U.S.), and Norland Products (U.S.) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
Global optically clear adhesive market is segmented into four notable segments which are based on the basis of type, adhesive thickness, substrate and application.
- On the basis of type, the market is segmented acrylics, polyvinyl acetate, silicone, polyurethane, epoxy and other. In 2022, acrylics segment is expected to dominate global optically clear adhesive market and will CAGR of 11.10% in the forecast period of 2022 to 2029 as they are having properties such as tensile strength, greater flexibility which increases the demand for machinery and automation in the electronics Industry, and technological advancements in the end-use industries.
- On the basis of adhesive thickness, the market is segmented into less than 1 mm, 1-2 mm, 2-3 mm, 3-4 mm, 4-5 mm, others. In 2022, less than 1mm segment is expected to dominate the global optically clear adhesive market and will grow at a CAGR of 11.00% in the forecast period of 2022 to 2029 as 1 mm thickness devices can be bent or formed into curved or other shapes which increase its market demand in various electronics sectors such as in smartphones, laptop screens and others.
- On the basis of substrate, the market is segmented into metal, glass, ITO glass, polyethylene terephthalate (PET), Polymethyl Methacrylate (PMMA), polycarbonate (PC), Others. In 2022, polyethylene terephthalate (PET) segment is expected to dominate the global optically clear adhesive market and will grow at a CAGR of 11.90% in the forecast period of 2022 to 2029 as it provides outstanding weathering and resistance to UV radiation properties which increases the durability of the displays and screens.
The polyethylene terephthalate (PET) segment will dominate the substrate segment of the optically clear adhesive market
The polyethylene terephthalate (PET) segment will emerge as the dominating segment substrate segment. This is because of the growing adoption of polyethylene terephthalate (PET) product especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of application, the market is segmented into mobile phones, tablets, monitors, television, outdoor signage, automotive, wearable devices, electronic blackboards, OLED, others. In 2022, mobile phones segment is expected to dominate the global optically clear adhesive market and will grow at a CAGR of 11.70% in the forecast period of 2022 to 2029 as it is the biggest source of communication, entertainment, office work, safety source due to the presence of GPS device in it.
The mobile phones segment will dominate the application segment of the optically clear adhesive market
The mobile phones segment will emerge as the dominating segment under application. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Henkel Adhesives Technologies India Private Limited (Germany), 3M (U.S.), tesa Tapes (India) Private Limited (India), Dow (U.S.), NITTO DENKO CORPORATION. (Japan), LINTEC Corporation (Japan), SAINT-GOBAIN (France), Dymax (U.S.), Hitachi, Ltd. (Japan), DELO Industrie Klebstoffe GmbH & Co. KGaA (Germany), DuPont (U.S.), Cyberbond. (U.S.), TORAY INDUSTRIES, INC. (Japan), Scapa Group Ltd (U.S.), Master Bond Inc. (U.S.), Adhesives Research Inc. (U.S.), and Norland Products (U.S.).
Market Development
- In 2020, Delo Industrial Adhesives LLC revealed that they had created new liquid optically clear adhesive materials. These materials are high-performance and offer several capabilities, including transparency and flexibility. The corporation hopes to increase its market credibility with this launch.
- In 2019, PANACOL revealed the creation of an optically clear adhesive, Vitralit 50004. Various display systems and gadgets are bonded together using UV-curable acrylic adhesive, which has a very low viscosity and is used to laminate optics. It is suitable for a variety of substrates, including coated glass and plastics, and has a high adhesion capacity.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in optically clear adhesive market during the forecast period 2022 to 2029
Given the region's quickly developing economy and the presence of nations like China, South Korea, and India as active consumers of electronic goods due to their quick uptake of new technology, the optically transparent adhesive dominates in the Asia-Pacific region. China and India contribute the most as the region's top producers and consumers of electronics goods such as smartphones, tablets, LED, LCD screens, and automobiles.
North America is estimated to be the fastest-growing region in optically clear adhesive market the forecast period 2022 to 2029
On the other hand, due to its strong customer desire for smart gadgets like mobile phones, laptops, and LEDs in both the commercial and residential sectors, the U.S. is leading market growth in North America. Additionally, the market in the region is expected to grow as more people buy sturdy, UV-resistant devices and automobiles.
COVID-19 Impact
The abrupt global appearance of COVID-19 had a significant impact on the optically transparent adhesive market. The market was significantly influenced by its dependency on electronics, automotive, aerospace, and other industries; the COVID-19 outbreak has had a significant detrimental impact on the optically clear adhesives market. According to a report from The Economic Times, supply chain issues have reduced exports of electronic equipment like computers, smartphones, and other devices. On the plus side, the COVID-19 period saw significant growth in the medical business. Additionally, the demand for sophisticated digital instruments has increased in the healthcare sector, where optically clear adhesives are used in touchscreen and sensor display bonding applications. The demand for optically transparent adhesives in the medical industry has increased as a result.
For more detailed information about the optically clear adhesive on market report, click here – https://www.databridgemarketresearch.com/reports/global-optically-clear-adhesive-market
